How Big Data is set to change the art market

Sophisticated data tools aim to improve knowledge and boost confidence

by Sarah P. Hanson, 8 December 2016, in The Art Newspaper

 

In late October, Sotheby’s announced it had acquired the Mei Moses Art Indices, a database of repeat auction sales that tracks value over time; shortly after, Artnet said it had brought Tutela Capital, an analytics firm headed by Fabian Bocart, into its portfolio, which also includes a sizeable database of auction prices. Each company has different aims, but one thing is clear: data will play a key role in how they—and the art market—move forward.